• Are grants you receive for R&D assessable?

    Grants you receive for R&D expenditure that attract the R&D tax incentive must be included in your total assessable income, unless they are specifically exempt under a provision of either the:

    • Income Tax Assessment Act 1936 (ITAA 1936)
    • Income Tax Assessment Act 1997 (ITAA 1997).
      Last modified: 25 Oct 2016QC 24623